Mortgage rates rallied today, against all odds, concluding the Jobs Report. It seems the US jobs market is not a big risk. Investors are buying up bonds and the coronavirus is the main reason for the drop in rates over the last 3 weeks.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.47% (-0.06%)
• 15-year (FRM) rates at 3.14% (-0.05%)
• FHA 30-year Fixed rates at 3.27% (-0.06%)
• Jumbo 30-year Fixed rates at 3.61% (-0.03%)
• 5/1 ARM rates at 3.32% (-0.01%)
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RBS Citizens
Clifton Park, NY